bitcoinBTC/USD
$ 19,690.45
ethereumETH/USD
$ 1,327.76
tetherUSDT/USD
$ 1.00
cardanoADA/USD
$ 0.429177
xrpXRP/USD
$ 0.461249
usd-coinUSDC/USD
$ 1.00
terra-lunaLUNC/USD
$ 0.00031

Crypto Investors Still Have an Escape Option: India’s Crypto Bill Nearing Finalization

Granit.M

The exit opportunity comes as a result of the crypto bill being finalized, and the tight measures that the bill encloses.

Nirmala Sitharaman, India’s Finance Minister revealed that crypto laws are under preparation and that an exit option is available to those who have a vested interest in continuing their crypto investments.

The Union Cabinet is expected to have a new law soon enough to regulate the flourishing crypto industry in India.

Although this does not mean a complete ban of cryptocurrencies in India, cryptocurrencies will not be recognized as legal money. Possibly, cryptocurrencies will be categorized as an asset class that is tradable in its own market.

The proposed law is currently pending the approval of the Union Cabinet. 

Also read: 14- and 9-Year-Old Ethereum Miners Earn up to 32k Monthly

Also read:

Related News

Kim Kardashian Charged By SEC For Unlawfully Touting Crypto Security

The Securities and Exchange Commission has charged Kim Kardashian for promoting a crypto asset security sold and offered by EthereumMax on social media, resulting in a scam. This is without reporting the compensation she got for a promotion. In exchange for dropping the accusations, paying around $1.26 million in fines, forfeiture, and interest, going along with the investigations, the star of Keeping Up With The Kardashians, Kim, agreed to settle

Read More »
The action came after Binance's expansion in several nations in 2022, such as Dubai, France, Spain, and Italy, as the platform aims to expand its operations and boost global cryptocurrency usage.

Binance to Offer its Services to New Zealand

As per a blog post published on September 30, the biggest crypto exchange by trading volume, Binance, is now reportedly registered in New Zealand and opened a regional office there called Binance New Zealand as part of its effort for worldwide expansion. On September 10, Binance filed as a financial service provider with the Ministry of Business, Innovation, and Employment in New Zealand. This allowed the business to provide a

Read More »
With the new exchange-traded fund (ETF), European users will have access to the blockchain market. A metaverse-focused ETF may also be in the works, according to numerous sources.

BlackRock Introduces New ETF Targeting European Clients

Blackrock, the biggest asset manager in the world, has revealed the introduction of a fresh ETF. With the new exchange-traded fund (ETF), European users will have access to the blockchain market. A metaverse-focused ETF may also be in the works, according to numerous sources. The iShares Blockchain Technology UCITS ETF, a new Blackrock ETF, was introduced on September 27. Blackrock provided more information about the ETF, claiming that 75% of

Read More »

My Coins

bitcoinBitcoin
$ 19,690.453.2%
ethereumEthereum
$ 1,327.763.76%
tetherTether
$ 1.000.06%
usd-coinUSD Coin
$ 1.000.21%

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

[email protected]

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: [email protected]